The commercial paper market, when that dries up, you know, that's just like sucking the blood out of the economic body of the United States.

People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.

Beware of geeks, you know, bearing formulas.

I want our pie to grow all the people, but if some other guy's pie is growing a little faster, that's terrific.

When people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.

You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble.

You can go back to tulip bulbs in Holland 400 years ago. The human beings going through combinations of fear and greed and all of that sort of thing, their behavior can lead to bubbles. And it may have had and Internet bubble at one time, you've had a farm bubble, farmland bubble in the Midwest which resulted in all kinds of tragedy in the early '80s.